VET is still comfortably in a parabolic pattern. Currently, it is trying to hold its 21day EMA and the 1 fib channel line as support. My hope is that the trend will continue if the support holds, especially with BTC.D now continuing to fall below 50%. Not shown, but i'd also like to see the MACD cross upward over the next week as well as the rsi to break into the orange channel I have drawn. This would keep the trend of higher lows on the daily rsi in tact.
Note
Perhaps Bitcoin Futures expiring tomorrow will give us a better idea of what to expect as well.Note
1 fib line, lower trendline, and 21 day EMA still remain a point of tension given today's sell off.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.